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Is Now the Time To Grow Your Business?

time for expansion of your business

Many small business owners reach the stage where they have to ask themselves is it time to grow their business.  It is doing well with perhaps you as the sole worker but now you have more work than you can handle and are faced with the decision do you expand?

Growing a business doesn’t always mean literally expanding it by way of size, increasing services, or adding more employees.  It can also refer to gaining recognition which often leads then to the need of these other forms of expansion.

If you are going to focus on expanding your recognition and you are successful at doing this then you must be in a position to grow in all the other areas, so make sure you are prepared. You may want to discuss with your small business accountant whether he feels your business is in a position for growth in the near future, and what your tax implications could be as you grow.

Many on land businesses also have a presence on the internet via a webpage.   This provides a golden opportunity to get your business known at much less cost than what it does to promote the company through on land type venues.   It can also be very effective in pushing business growth along.

To start with this type of business promotion you need to create an aura of professionalism.   Little things like having a formal type email address like info@abccompany, and in fact you can create the illusion of being bigger than you actually are by having additional emails like sales@abccompany, or inquiries@abccompany. This gives the appearance that your company has several different departments.

Focus on your major brand and bring this to the forefront in your web content.   Not only will this get your brand known to potential customers but it will also help the search engines know where to place your content so it can be found by the right potential buyers.

Don’t under estimate the potential power of a simple website.   If you are totally unfamiliar with the setting up and maintaining of one then consider hiring professionals in this area to help you. Also, whenever you get a chance take the time to self educate yourself as to how to make your web presence work for you.

With all the technology that is available to consumers today, more often than not they will check out your business on their smart phone or Ipad before heading off to your business location.   A first impression whether on the web or on land, is critical to the success of your business.

 

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Sam Seidman, CPA, CA, LPA
629 Sheppard Avenue West
Toronto, Ontario
M3H 2S3

Telephone: (416) 398-1700
Fax: (416) 398-6226

Chartered Professional Accountant, Chartered Accountant, Licensed Public Accountant

Email: sam@torontoaccountant.ca

Contact Sam today

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